Economics
U.S. Consumer Sentiment Fell in July on Prospects for Economy
Buiter: U.S. Won't Drag World Into Growth Recession
This article is for subscribers only.
Consumer confidence slid in July from the prior month on dimmer views of the U.S. economy’s prospects and lingering concerns among higher-income earners about global market conditions.
The University of Michigan said Friday that its final index of sentiment declined to 90 this month from 93.5 in June. The median projection in a Bloomberg survey of economists called for a reading of 90.2 after July’s preliminary figure of 89.5.